ICICI Bank: Avoid trading in the stock as the near-term stance is watchful.
Infosys: We recommend a sell in the stock while maintaining rigid stop at Rs 3,039 levels.
L&T: Fresh long position can be initiated if the counter moves above Rs 2,054 levels with tight stop-loss.
ONGC: The near-term outlook is negative for the stock. We recommend a sell.
Reliance Capital: Contrary to our prior view, the stock surged in the last trading session. Initiate fresh long position only if the stock moves beyond Rs 867 levels with stiff stop-loss.
Reliance Communications: We reiterate our sell recommendation in the counter.
Reliance Industries: The stock is testing key resistance around Rs 1,100 levels. Fresh long position can be initiated only if the stock exceeds above Rs 1,110 levels with stiff stop-loss.
SBI: In the last trading session, the stock fell 1.8 per cent, experiencing selling interest. We recommend a sell with stop-loss at Rs 3,200 levels.
Nifty Futures: Fresh short position can be initiated if Nifty Futures slips below 6,070 levels with tight stop-loss.
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